A Step Toward More Private Competition Enforcement In EU
June 21, 2013, 12:37 PM EDT
Law360, New York (June 21, 2013, 12:37 PM EDT) -- For nearly a decade, the European Commission has been encouraging private enforcement of EU competition rules (i.e., enforcement by national courts of member states, on the basis of actions for damages filed by individuals) and stressing its complementary nature to public enforcement by the EC and National Competition Authorities (NCAs).
However, despite the EC’s effort, the reality is that, to date, private enforcement has been under-exercised. Indicatively, only 25 percent of antitrust infringements found by the EC in the past seven years have been followed by...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.